Giving incentives to employees is not a novel concept. It’s not something that was just thought of yesterday. For as long as people have had wants and needs, businesses have been using those wants and needs to get what they need from clients and those that work for them. A good manager will use incentives to boost sales, keep sick days down, and stop the abuse of company time and property. It’s a great way to put your business on a different level. However, there is more to giving out incentives than just selecting the right reward. A good boss knows that appropriate times to give incentives. If they give them out or offer them at the wrong time it could turn out to be a money suck that doesn’t end up benefiting the business.
Here are a few things you should know about when to give incentives. The first thing is that there are a number of times when you should give out incentives during times of lower productivity. There are slow times of year when an employees want to produce gets lower. The summer is a great example of one of those times. Many times they have shorter days on the brain, they are trying to spend more time with their children, or they approaching their next vacation so they are more distracted at work. This is a great time to start hitting up employees with incentives for doing their work. This will keep them motivated.
You do have to be smart enough to make the incentive work in your favor. Doing a month long incentive program might not interest the worker who is taking a vacation next week. They will assume the time off will hurt their chances and they’ll give up. Making your incentive program a week or two long and that should keep everyone interested in winning. There are a million ways to benefit from incentives.